Hong Kong accelerates regulatory transformation: stablecoins and bitcoin chart a new map of the financial market

According to the Odaily report from December 28, published by BlockBeats, Hong Kong's financial landscape underwent significant changes in 2025. Among the ten key sector news, regulations concerning digital assets and virtual resources ranked third, demonstrating the city’s growing commitment to developing blockchain infrastructure.

**Hong Kong's regulatory evolution opens the door to a new era of stablecoins**

The introduction of comprehensive regulatory frameworks, including rules for stablecoins, has significantly strengthened Hong Kong’s position as a trading hub for digital assets. It is expected that the first stablecoin licenses will be issued in the first months of 2026. The potential emergence of a stablecoin pegged to the Hong Kong dollar, which could support real trading transactions and international transfers, is particularly promising. This initiative reinforces the city’s role as a bridge between traditional finance and the digital asset world.

**Bitcoin: from record highs to significant corrections**

Equally important is the trajectory of bitcoin, which ranked eighth on the list. After intense political support and market hype in the first half of the year, the cryptocurrency experienced volatile fluctuations. Bitcoin reached a historic high of $126.08K, but recently it has been around $90.53K, representing a decline of approximately 28%. This volatility highlights the instability of digital markets and the need for solid regulatory frameworks — precisely the kind of security that Hong Kong is actively implementing.